Bernie Sanders

What happens when rapacious cartels run out of billion-dollar-profit products? They jack up the price of what was previously low-cost. And why are they able to raise prices by 388% to 8,000% at will? Because they can.

Our political-financial system has gone from the dysfunctional to the failed to the surreal. Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized. When this sham finally buckles and the next shoe falls and rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before. We are not there yet because of these coordinated moves and the political force behind them. But we are on a precarious path to that inevitability.

Yellen’s acting routine is worthy of an Academy Award. In her role, she plays a caring, sweet, grandmotherly type figure all concerned about the poor and middle-class, when reality points to a career as a staunch, frontline protector of the bankster oligarchy.

During this week’s Senate hearings, Janet Yellen was asked by Senator Bernie Sanders if the U.S. was a capitalist democracy or has morphed into an oligarchy. While readers of this site already know the answer to this question, which was recently proved empirically by a Princeton and Northwestern academic study, it was still stunning to note her unwillingness to answer the question...

For the past 5-6 years the United States has experienced something that no one ever thought could happen.

Moments ago The Hill reported that what many thought was absolutely impossible, may in fact become a reality: President Obama is considering issuing an executive order (#394,039,993,837?) to raise the minimum wage for Federal Workers... and in the process - with the help of that other central planner par excellence Bern-ellen - lap all those other Banana republics that everyone so enjoys making fun of.

The Administration Treats Congress Just Like the American People: With Scorn and Disdain

"Members of Congress have the same privacy protections as all U.S. persons" - NSA

The real life magic-mushroom, banana dictatorship envisioned by George Orwell just went full retard.

Context is key...

Starting at 1147ET, Rand Paul began his James-Joycean discussion on US-based Drone strikes, six hours later (and with some minor aid from Sen. Mike Lee (R-UT) and Sen. Ted Cruz (R-TX)), he is still going. Have you ever felt so strongly about something that you were willing to talk about it for over six hours? From Cruz's note that today is the 177th anniversary of the fall of (or stand at) the Alamo to Paul's rhetorical (we think) question to the President: "Are you going to just drop a hellfire missile on Jane Fonda?" We suspect the night is yet young as the snowquester continues.

Scandal after scandal – but the Fed just doesn’t want to be audited. Period.

Independent from Congress … or from the American People?

Big Banks Are Rotten to the Core

Poor, poor Federal Reserve.